“Trump Tariffs” Analysis

May 27, 2016

Professor David G. Tuerck of
the Economics Department, Paul
Bachman, an adjunct professor, and Frank Conte of the
Beacon Hill Institute recently released a study of the proposed "Trump
tariffs" on China, Japan, and Mexico. Treating the tariffs as a
consumption tax, the three authors of a study for the National Foundation for
American Policy, found that the tariffs, if imposed, would cost the average
household $2,200. As such, the "tax" would hit low-income households
particularly hard. The study also questioned whether the tariffs would be
successful in limiting imported goods.